Last checked at 21 Sep 2017 07:00
Fresnillo plc
21 Upper Brook Street
London W1K 7PY
United Kingdom
www.fresnilloplc.com
21 September 2017
Fresnillo plc - Statement re: Mexico Earthquake
Fresnillo plc ("Fresnillo" or "the Company") is deeply saddened by the terrible earthquake that struck Mexico on 19th September 2017. The Company's thoughts and sympathies are with all of those affected by this tragedy.
Fresnillo's absolute priority is the safety of its staff. Following the earthquake the building of the Company's corporate headquarters in Mexico City was assessed by specialists who confirmed there had been no structural damage and the building was therefore declared fully safe to occupy. All administrative functions were resumed after the assessment.
Fresnillo also confirms that all its operations, both mine sites and associated infrastructure, are unaffected by the earthquake and continue as normal. There is therefore no impact on production.
For further information, please visit our website www.fresnilloplc.com or contact:
Fresnillo plc London Office Gabriela Mayor, Head of Investor Relations Patrick Chambers | Tel: +44 (0)20 7399 2470 |
Mexico City Office Ana Belem Zárate | Tel: +52 55 52 79 3206 |
About Fresnillo plc
Fresnillo plc is the world's largest primary silver producer and Mexico's largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.
Fresnillo plc has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (phase I and II), two development projects - the Pyrites plant, and second line of DLP at Herradura, and four advanced exploration projects - Orisyvo, Juanicipio, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 1.8 million hectares in Mexico.
Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.
Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver per year by 2018, having already surpassed the gold target of 750,000 ounces.
1 Operations at Soledad-Dipolos are currently suspended.